The value added of textiles, wearing apparel, and leather products in the Netherlands stood at 1.22 billion euros in 2023. This sector has shown a steady growth trend from 2013 to 2023, with some fluctuations in the year-on-year variations. Notable increases were observed in 2016 (3.73%) and 2017 (1.4%), while growth rates were more subdued in more recent years, with 2021 at 0.84%, 2022 at 0.75%, and 2023 at 0.66%. The average compound annual growth rate (CAGR) over the past five years (2018-2023) is 0.81%.
Looking ahead, the forecast indicates continued growth in the sector, with a CAGR of 0.53% predicted over the next five years (2024-2028). This growth trend suggests a stable yet modest expansion is expected, with the sector reaching an estimated value of 1.26 billion euros by 2028. The overall growth rate over this period is projected at 2.69%.
Future trends to watch for in the textiles, wearing apparel, and leather products sector include technological advancements in sustainable and eco-friendly materials, increased automation in production processes, and a potential shift towards on-demand manufacturing driven by consumer demand for customization and fast fashion. Monitoring these trends will be crucial for stakeholders aiming to capitalize on new opportunities and drive future growth.
